Genstar Capital joins GTCR as an investor in Jet Support Services

Genstar Capital has joined GTCR as an investor in Jet Support Services. Genstar is a private equity firm focused on investments in targeted segments of the financial services, healthcare, software and industrials industries. Genstar made a significant investment in JSSI and partnered with GTCR, a previous investor.

JSSI has delivered HCM programs to the business aviation industry and partnered with aircraft owners and operators to help stabilize aircraft costs, assure high-quality maintenance and provide enhanced customer service for over 30 years. JSSI has offered maintenance tracking software and as a result of two notable acquisitions in the past 18 months, a global multi-channel parts distribution and engine leasing business and a subscription-based aircraft operating cost and performance guide.

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“We are laser-focused on creating value for our customers by simplifying and easing the complexities of aircraft maintenance,” said CEO of JSSI Neil Book. “My team and I are appreciative of the ongoing collaboration with GTCR, which has been a fun and rewarding partnership since 2020. As we start this next chapter, Genstar is an ideal partner, with a tremendous track record, to support our ambitious growth plan.”

Genstar’s investment spanned a multi-vertical team across software, insurance and industrials, led by Eli Weiss, Ryan Clark and Rob Clark. . “Genstar has a rich history investing across software, insurance and industrial distribution businesses and is excited to bring that unique perspective to help JSSI in its next chapter,” said Weiss, Clark and Clark. “We are closely aligned with GTCR on how to create meaningful value and the JSSI team is poised to embark on its next chapter of growth”